Two of the companies participating at this year’s Re3 Conference — Consolidated Asset Recovery Systems and van Wagenen Financial Services — announced a strategic marketing agreement to create a one-stop solution for reducing risk and charge-offs on auto loan and lease portfolios. 

Under the partner agreement, the companies explained they will cross-sell each other’s products, enabling clients to source both offerings from a single supplier. They indicated this process will streamline procurement and ongoing program management for lenders and dealers, substantially simplifying vendor management.

“Both companies exist to help lenders reduce losses on non-performing assets and reduce administrative burden, so the combined offering just makes sense,” said Terry Groves, co-founder and senior vice president of Consolidated Asset Recovery Systems.

The offering combines Van Wagenen’s warranty and damage claim processing with insurance tracking and the convenience of industry leading recovery and remarketing services.  This powerful combination is now accessible within Consolidated Asset Recovery System’s IBEAM portal.

“Bringing these together in a streamlined offering means auto loan and lease portfolio risk can easily be managed from cradle to grave from a single source,” said Jeff Anderson, vice president of business development, van Wagenen Financial Services.

Anderson will be joined by four other industry experts for one of the many panel discussions at the Re3 Conference, the Used Car Week event that focuses on repossessions, recoveries and remarketing. The session is titled, “The Re3 Report: The State of the Auto Finance Industry.”

For several quarters, delinquency and repossession rates dropped to record-low levels. But Equifax, Experian and TransUnion all have noticed these metrics are starting to move on an upward trend again. Should the industry be alarmed? This panel of experts will dissect the movements and shed light on how executives should prepare for what might happen next.

Joining Anderson will be:

— Brent Huisman, vice president of asset remarketing, Santander Consumer USA

— Chuck Blommaert, senior vice president of operations, LCS Financial Services

— Bob Earle, vice president of risk, NextGear Capital

— Art Sookazian, vice president of special services, Los Angeles Federal Credit Union

Meanwhile, Steve Norwood, the co-founder, president and chief executive officer of Consolidated Asset Recovery Systems, will be presenting the winner of this year’s Re3 Executive of the Year in a conference segment that comes immediately prior to session featuring Anderson, Huisman, Blommaert, Earle and Sookazian.

The Re3 Conference presented by Digital Recognition Network and Primeritus Financial Services is set for Nov. 12, halfway through Used Car Week, which also includes the CPO Forum, the SubPrime Forum and the National Remarketing Conference. All of the events will be held at the Red Rock Casino, Resort and Spa in Las Vegas.

And it’s not too late to register. More details can be found at re3.autoremarketing.com.